Apple set to invest in India as Tim Cook visits

Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook’s maiden visit.

Cook, who arrives in India late on Tuesday, is making his Indian debut just as the country emerges as one of the last large growth markets in the smartphone world, while sales in the United States and China begin to taper off.

This is a big investment trip for Apple. First China, now investments in India. It’s smart to become part of the economies where they want to sell products.